long-pending

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Examples

NEW DELHI –Iran has warned it will stop crude oil supplies to India from August if its long-pending bills aren't cleared and a favorable mechanism for future payments isn't evolved, executives at two Indian refiners said Friday.

Analysts said a favorable outcome would give the Congress-led federal coalition more political heft to push through long-pending reforms in the financial sector and take certain unpopular economic steps, such as raising diesel prices.

South Korean President Lee Myung-bak's state visit to the United States on October 13 comes on the heels of congressional approval (KoreaHerald) for a long-pending Free Trade Agreement (FTA) between the two countries.

But the Indian government had held back its approval because it wanted Cairn to settle long-pending issues of royalty payment with state-run explorer Oil & Natural Gas Corp. and a tax arbitration case against the government.

That means convincing trade-hostile Democrats of the merits of the long-pending bilateral trade agreements with South Korea, Colombia and Panama, which he plans to submit to Congress this month or next.